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Cowen and Company Portfolio holdings

AUM $2.97B
1-Year Est. Return 105.26%
This Fund
S&P 500
This Quarter Est. Return
+17.7%
1 Year Est. Return
+105.26%
3 Year Est. Return
+120.05%
5 Year Est. Return
+670.56%
10 Year Est. Return
–
AUM
$956M
AUM Growth
-$88.9M
Cap. Flow
-$124M
Cap. Flow %
-13%
Top 10 Hldgs %
51.28%
Holding
904
New
257
Increased
162
Reduced
180
Closed
232

Top Buys

Rank Stock Value
1
DCP
DCP Midstream, LP
DCP
+$58.7M
2
IMVT icon
Immunovant
IMVT
+$15.7M
3
LL
LL Flooring Holdings, Inc.
LL
+$11.4M
4
ACET icon
Adicet Bio
ACET
+$10.9M
5
INVZ icon
Innoviz Technologies
INVZ
+$9.95M

Top Sells

Rank Stock Value
1
ARKK icon
ARK Innovation ETF
ARKK
+$131M
2
IMCR icon
Immunocore
IMCR
+$34.1M
3
FTAI icon
FTAI Aviation
FTAI
+$28.1M
4
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$20.8M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.4M

Sector Composition

Rank Sector Weight
1 Healthcare 36.98%
2 Financials 14.53%
3 Materials 10.99%
4 Energy 8.52%
5 Consumer Discretionary 5.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAC.WS
126
DELISTED
Ares Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AAC.WS
$456K 0.05%
978,140
+627,375
+179% +$123K
LYFT icon
127
Lyft
LYFT
$6.53B
$441K 0.05%
+40,000
New +$482K
KRE icon
128
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.56B
$439K 0.05%
+55,000
New +$3.38M
FSRX
129
DELISTED
FinServ Acquisition Corp. II Class A Common Stock
FSRX
$438K 0.05%
+43,588
New +$434K
SDAC
130
DELISTED
Sustainable Development Acquisition I Corp. Class A Common Stock
SDAC
$423K 0.04%
+42,000
New +$419K
MSOS icon
131
PUT
AdvisorShares Pure US Cannabis ETF
MSOS
$884M
$414K 0.04%
+106,400
New +$1.09M
RAM
132
DELISTED
Aries I Acquisition Corporation Class A Ordinary Share
RAM
$411K 0.04%
40,000
– –
RENE
133
DELISTED
Cartesian Growth Corp II
RENE
$395K 0.04%
+38,573
New +$391K
BMY icon
134
Bristol-Myers Squibb
BMY
$132B
$385K 0.04%
5,349
-8,710
-62% -$657K
PPLI
135
PUT
People Inc
PPLI
$3.03B
$365K 0.04%
+81,673
New +$3.23M
SLAMU
136
DELISTED
Slam Corp. Unit
SLAMU
$364K 0.04%
+36,000
New +$360K
SIMO icon
137
Silicon Motion
SIMO
$7.82B
$363K 0.04%
+5,589
New +$343K
FSNB.U
138
DELISTED
Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
FSNB.U
$351K 0.04%
+35,000
New +$348K
TBLAW
139
DELISTED
Taboola.com Ltd Warrant
TBLAW
$342K 0.04%
697,500
– –
TWOA
140
DELISTED
two
TWOA
$322K 0.03%
32,000
– –
MNK
141
DELISTED
Mallinckrodt plc
MNK
$320K 0.03%
+41,325
New +$462K
CGC
142
Canopy Growth
CGC
$402M
$312K 0.03%
13,514
+4,514
+50% +$139K
FLD
143
Fold Holdings
FLD
$22.9M
$312K 0.03%
+31,154
New +$309K
LUNRW
144
DELISTED
Intuitive Machines, Inc. Warrants
LUNRW
$304K 0.03%
1,089,115
+166,135
+18% +$35.5K
PINS icon
145
Pinterest
PINS
$13.8B
$304K 0.03%
12,500
-123,700
-91% -$2.95M
CVS icon
146
CVS Health
CVS
$122B
$296K 0.03%
3,181
-5,331
-63% -$514K
XFIN
147
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$293K 0.03%
+28,561
New +$288K
HZON.WS
148
DELISTED
Horizon Acquisition Corporation II Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HZON.WS
$292K 0.03%
711,721
+295,829
+71% +$141K
CNK icon
149
Cinemark Holdings
CNK
$4.38B
$288K 0.03%
33,273
-283,627
-90% -$3.2M
FACT.U
150
DELISTED
Freedom Acquisition I Corp. Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
FACT.U
$273K 0.03%
+27,000
New +$271K
4 5
6
7 8

Similar funds

CIP
Chartwell Investment Partners Berywn, Pennsylvania $2.91B AUM 40.48% 1-Year Est. Return
PWLP
Prio Wealth Limited Partnership Boston, Massachusetts $3.41B AUM 44.09% 1-Year Est. Return
FPCG
Fort Pitt Capital Group Pittsburgh, Pennsylvania $3.55B AUM 34.86% 1-Year Est. Return
SI
Scout Investments Kansas City, Missouri $3.8B AUM 45.91% 1-Year Est. Return
BC
Boxer Capital San Diego, California $2.04B AUM 108.39% 1-Year Est. Return
FTDI
First Trust Direct Indexing Boston, Massachusetts $1.87B AUM 43.63% 1-Year Est. Return
CIM
Contrarius Investment Management St. Helier, Jersey $1.76B AUM 35.87% 1-Year Est. Return
PRO
Pensioenfonds Rail & OV Utrecht, Netherlands $1.44B AUM 23.73% 1-Year Est. Return

Cowen and Company's Q4 2022 Portfolio in Review

As of Q4 2022, Cowen and Company held 904 positions worth $956M, down 8.5% from $1.05B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Cowen and Company withdrew a net $124M in Q4 2022, closing 232 positions and reducing 180 holdings. Its most notable exit was ARK Innovation ETF, an estimated $131M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 34% a quarter earlier, followed by Financials and Materials.

Against the trend, Cowen and Company opened a new position in DCP Midstream, LP worth $58.8M.

  • Cowen and Company's largest Q4 2022 buy was DCP Midstream, LP: 1,516,562 shares worth $58.8M.
  • Cowen and Company added most to Adicet Bio in Q4 2022, an estimated $10.9M increase.
  • Cowen and Company's biggest Q4 2022 reduction was Immunocore, cutting an estimated $34.1M.
  • Cowen and Company fully exited ARK Innovation ETF in Q4 2022, selling an estimated $131M.
  • Cowen and Company's ten largest holdings make up 51% of its $956M portfolio in Q4 2022.
  • Cowen and Company opened 257 new positions and closed 232 in Q4 2022.
  • Cowen and Company's portfolio value fell 8.5% quarter-over-quarter to $956M.

Based on Cowen and Company's 13F filing for Q4 2022, filed 9 Feb 2023.